I hope you’re independently wealthy because if you’re not, the stock market is the only game in town and the only way for average people to retire wealthy.It's the stock-exchange, the unregulated casino - what did people expect?
Stocks have practically zero risk over time. If you invest consistently and don’t do stupid things like sell when stocks go down, you WILL do well. Period, proven empirically.
The US market is the biggest wealth creator the world has ever seen.
When stocks go down, particularly high quality stocks like AAPL, they get LESS risky, not more risky.
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Evidently, you didn’t read the numbers or you simply don’t understand what’s going on. This isn’t widespread throughout Apple or widespread in all their markets.I think Apple was having problems for a couple years now. The first way they tried to address it was inflate the price of newer phones to offset the lower quantity being purchased. This got them by last year and Apple got too comfortable and did the same with iPads and such. Consumers recognized that the prices are a little out of control at this point and have refrained from buying their products. If Apple doesn't change course quickly, this problem will compound year over year.
Meanwhile, iPad posted double digit y/y growth. MacBooks set a record, services hit a record, wearables (Watch, AirPods) grew 50%, and the non iPhone businesss in general grew 19% y/y. The non iPhone businesses are doing incredibly well and the iPhone outside of China did well overall.
Over 100% of the revenue shortfall was due to iPhone in China.
This revenue guidance was revised almost entirely because of a slowdown in China.
The user base has never been larger, with Apple ADDING another 100M active users in the last 12 months.
The last 3 years, they have actually sold more iPhones each year, by about 1M per year, so they weren’t selling “lower quantities.”
They need to figure out China and some of the emerging markets, but Apple will still hit record revenues, in the US, Canada, Korea, and many countries in Europe.
They will still post record EPS.
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